Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock Holdings Increased by Summit Creek Advisors LLC

Summit Creek Advisors LLC lifted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 0.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 285,045 shares of the company’s stock after purchasing an additional 833 shares during the quarter. Summit Creek Advisors LLC’s holdings in Clearwater Analytics were worth $7,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after purchasing an additional 468 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Clearwater Analytics by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company’s stock worth $469,000 after purchasing an additional 502 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Clearwater Analytics by 11.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company’s stock worth $142,000 after purchasing an additional 521 shares in the last quarter. IHT Wealth Management LLC lifted its position in shares of Clearwater Analytics by 5.5% in the third quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock worth $288,000 after purchasing an additional 598 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Clearwater Analytics by 38.6% in the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after purchasing an additional 995 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price objective for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $36.00 in a research report on Thursday, February 20th. Finally, Oppenheimer raised their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.80.

Insider Transactions at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 4,141 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $27.65, for a total value of $114,498.65. Following the sale, the executive now owns 7,902 shares in the company, valued at approximately $218,490.30. This trade represents a 34.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total value of $503,778.00. Following the completion of the transaction, the chief financial officer now directly owns 279,857 shares of the company’s stock, valued at approximately $7,539,347.58. This trade represents a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 644,510 shares of company stock worth $18,688,862. Insiders own 4.60% of the company’s stock.

Clearwater Analytics Trading Down 0.6 %

Shares of CWAN stock opened at $26.52 on Monday. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $28.26 and its two-hundred day moving average is $27.82. The company has a market cap of $6.66 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). The company had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. Equities analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

About Clearwater Analytics

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.